16842 James Anderson HwyBuckingham, VA 23921

Property Details for 16842 James Anderson Hwy

Lot size

6.71 AC

Property type

Commercial real estate

APN

137-121B

APU

137121B

Description

This exceptional commercial property in Buckingham, VA, presents a lucrative investment opportunity. The 3,750 square foot brick office building boasts a consistent monthly income stream, making it an attractive prospect for investors seeking stable returns. Situated on a sizable 6.712-acre lot, the property enjoys significant visibility and accessibility due to its extensive frontage on Highway 60. A paved parking lot provides ample space for tenants and visitors. The location offers convenient access to major regional hubs, including Charlottesville, Richmond, and Lynchburg, enhancing its appeal to a wide range of businesses. Currently serviced by an individual well and septic system, the property also benefits from the availability of public utilities provided by the county, offering future connection options for enhanced infrastructure. The building's solid construction and desirable location combine to create a compelling investment opportunity with significant potential for growth and future development. The property's current income generation, combined with its strategic location and ample land, makes it an ideal acquisition for investors seeking a strong return on investment. Detailed financial information and lease details are available upon request. This is a rare opportunity to acquire a well-established commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $49,530,000

  6.5%

  $45,720,000

  7%

  $42,454,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $67,111,800

  Geo Method

  $67,111,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $96,383,900

  Retail / Commercial

  $48,177,800

  Mixed-Use / Specialty

  $47,023,100

  Hospitality / Lodging

  $33,219,600

  Office

  $45,720,000

  Institutional / Educational

  $48,533,800

  Residential Income

  $56,784,500

  Multifamily

  $73,553,500

  Automotive / Energy

  $41,600,400

  Parking / Income-Based Land

  $15,326,900

  Restaurant / Food Service

  $22,359,300

  Healthcare / Senior Housing

  $49,229,300

Location Insight

City

Buckingham

County

Buckingham

State

Virginia

Latitude

37.5295

Longitude

-78.4945

Property Tax & Assessments

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